My opinion on private letter ruling from the IRS Essay Example for Free

My opinion on private letter ruling from the IRS Essay According to my opinion on the IRS private letter ruling, it is very essential for the organization to decide and look for ways on which they can request for the IRS private letter ruling. An IRS private letter ruling does not contain laws but it contains guideline to the taxpayer on tax issues. Therefore it can be defined as a disclosed statement that is issued to the tax payer by the Internal Revenue Service (IRS) in which some guidance are defined on how to deal with financial assessment that have prospective tax cost. Many of the organization have limited knowledge about the IRS private letter ruling and that is why they tend to run away from the IRS especially when they have to deal with issue regarding taxes. It is the responsibity of the organizational leaders to look upon the anticipated changes in the organization and compare the importance of the IRS private letter ruling to the company (IRS. gov 2010). The taxpayer is able to rely on what the private letter states regarding its measurement. IRS reduces risk when dealing with paying a large amount of tax; it gives the task payer a surety of safety that will occur when dealing with paying large amount of tax. On a contemplated transaction the private letter of ruling gives advancement to the taxpayer on the tax treatment expectation from the IRS. The IRS can become negative to companies. Therefore for the IRS private letter ruling to have a meaning the transactions are supposed to be completed accompanied by the tax returns. There after the IRS officials discuss and come to an agreement after they have evaluated the transactions and the tax returns.

Crime and Punishment Summary Essay -- essays research papers

One July day in St. Petersburg, a poor young man slips out of his apartment and goes out. He is Rodion Romanych Raskolnikov, a former student, and he is preoccupied with something. He arrives at the apartment of Alyona Ivanovna, a pawnbroker, where he is attempting a trial of the unknown deed obsessing him. He has pawned something to this woman a month before, and now pawns an old watch for much less than he had hoped to get. As the woman gets her money, he watches and listens very carefully, storing up details in his memory. He leaves after vaguely mentioning that he may come back soon with another pledge. Tormented, he wanders down the street, mentally at war with himself. He happens upon a tavern, where he stops to eat and drink something, and feels better after doing so. There, he meets Semyon Zakharovich Marmeladov, a retired official and a drunkard. Marmeladov pours out his life story to Raskolnikov, telling about his consumptive wife Katerina Ivanovna, his three small children, and his oldest daughter Sofya (Sonya), who has had to prostitute herself to earn money for the family. Marmeladov himself had recently acquired a position, but almost immediately lost it through his alcoholism. He has been away from home for five days, having stolen his salary money and spent it all on drink. Marmeladov asks Raskolnikov to take him home. Rodion does so, and witnesses how Katerina Ivanovna falls on her husband and drags him about by his hair. She kicks Raskolnikov out, assuming him to be a drinking partner of her husband's. As he leaves, he places a handful of change on their windowsill unnoticed. Outside, he regrets this action, but knows he cannot go back to get the money. The next day, he awakens feeling unrested. Nastasya, the landlady's servant, comes in with some tea for him, as well as leftovers from the previous day's meal (since he is behind on his rent, the landlady has stopped sending his dinner up to him). She also tells him that he has received a letter. Agitated, he sends her to get it, and orders her out of the room so he can read it. The letter is from his mother, Pulcheria Alexandrovna, and mostly concerns his sister Avdotya Romanovna, or Dunya. Dunya had been working as a governess in the house of the Svidrigailov family, but the husband's unfortunate attraction to her led the wife to kick Dunya out on the assumption that the girl had ini... ...ainder of the day wandering about and settling his affairs, and shoots himself the next morning. Later that day, Rodya goes to see his mother for the last time before turning himself in. He then hurries home, where he finds Dunya waiting for him. He takes leave of her and goes to Sonya. She gives him a cross. He rushes out rudely, not even saying goodbye to her, impatient to get it over with, even though he can't understand why he should go, because he still does not see his act as a crime. He goes to the station, with Sonya following him. He finds out that Svidrigailov is dead, and, stunned, leaves without confessing; but Sonya is waiting for him, and he goes back upstairs and confesses. Rodya is exiled to Siberia, where Sonya follows him. Dunya marries Razumikhin. Pulcheria Alexandrovna dies. Sonya writes to the Razumikhins about Rodya. He is unsociable and hated by his fellow prisoners. He falls ill. At the end of his illness, Sonya herself is ill, and he misses her. When she recovers, she goes to him, and he at last repents truly, falling at her feet and weeping. Having finally recognized his sin, he is resurrected†¹able to love Sonya and look forward to his life with her.

Theoretical Background of Lending System

There Is a meticulous proverb about the bank's lending -â€Å"If you owe the bank take problem. † To be frank, lending to the businesses, governments, and Individuals Is one of the most Important services banks and their closest competitors provide, and It Is the riskier. The principal reason banks and many competitor lenders are issued charter of incorporation by government is to make loans to their customers.Banks, thrift institutions, and other chartered lenders are expected to support their local immunities with an adequate supply of credit for all legitimate business and consumer financial needs and to price that credit reasonably in line with competitively determined market interest rate. Indeed, making loans to fund consumptions and Investment spending Is the principal economic function of banks and their closest competitors. How well a lender performs In fulfilling the lending function has a great deal to do with the economic health of Its region, because loan support the growth of new business and Jobs wealth the lender's trade territory.Despite all the benefits of lending for both the institutions that makes loan and for their customer, the lending process bears careful internal and external monitoring at all the times. When a bank or other lender gets into serious financial trouble, its problems usually spring from loans that have become unconvertible due to mismanagement, illegal manipulation, misguided landing policies or an unexpected economic downturn. No wonder, then, that when examiners appear at a bank or other regulated lending Institution they conduct a thorough review of its loan portfolio.Usually this Involves detailed analysis of the documents and collateral for the largest loan, a review of a sample of small loans, and an evaluation of loan polices to ensure their sound and prudent In order to protect the public funds. 1. 2 Background of National Credit & Commerce Bank Ltd (UNCLE) National Credit and Commerce bank Limited bears a unique history of its own. The organization started its Journey in the financial sector of the country as an investment company back in 1985.The aim of the company was to mobile resources from within and invest them n such way so as to develop country's Industrial and Trade Sector and playing a catalyst role In the formation of capital market as well. Its membership with the bourse helped the company to a great extent In this regard. The company operated up to 1992 with 16 branches and thereafter with the permission of the Central Bank converted In to a full-fledged scheduled private commercial bank In May 1993 with paid up capital TX. 39. 00 core to serve the nation from a broader platform.During providing sincere personalized service to its customers in a technology-based environment. The Bank has set up a new standard in financing in the Industrial, Trade and Foreign Exchange business. Its various deposit and credit products have also attracted the clients-both corporate and indi viduals who feel comfort in doing business with the Bank. The initial authorized capital of the Bank was TX. 75. 00 core and, paid-up capital TX. 19. 50, core at the time of conversion, which is now raised, to TX. 9. 00 cores. The present authorized capital is TX. 250. 00 core and paid up capital is TX. 60. 78 core. The sponsors of the new bank consisted of 26 (Twenty six) Members, who comprised the iris Board of Directors. The share price of the bank is currently being quoted at both Dacha and Chitchatting Bourse at an average price of TX. 320/- against per value of TX. 100/-. NC Bank based upon its commendable business performance for the year ended 2004, has meanwhile declared stock dividend at the rate of 30%.The Bank which started with 16 branches in 1993, has at present 41 (forty one) branches and 03 (three) Booths located in prime commercial areas of Dacha, Chitchatting, Sylphs, Fine, Chula, Josser and Ranging District Headquarters, out of which as many as 17 seventeen) are A uthorized Dealer Branches, fully equipped for dealing in direct foreign exchange businesses. 1. 3 Scope of the Report This report has been prepared through extensive discussion with my colleagues and with the clients.While preparing this report, I had a great opportunity to have an in depth knowledge of all the banking activities practiced by the NC Bank limited. It also helped me to acquire a first-hand perspective of a leading private bank in Bangladesh. This report covers overall areas of UNCLE. It can be grouped into the allowing sections: Origin and historical background of UNCLE. Theoretical description about the products and services, general banking activities and departments of the bank.Analysis of the performance of UNCLE through some ratios. 1. 4 Objectives of the Report Primary Objectives The primary objectives of the report are to orient the real life nature of the bank and to measure the Job satisfaction of the staffs of the NC Bank Ltd, Mailbags branch, Dacha. Seconda ry Objectives To measure the level of Job satisfaction of employees with respect to the company. To understand the components that trigger Job satisfaction of the staffs.To know the reasons behind the Job dissatisfaction of the employees from the findings. To Judge the level of Job satisfaction of employees on various parameters: Working Conditions Rewards and other benefits Relationship with employees of company Job Security 1. 5 Methodology This report is made based on my theoretical and practical knowledge and as project report. National Credit Bank Limited is one of the well-known private commercial bank in Bangladesh. Its public reporting system is appreciable. Data are well managed.This arrangement is logical that helps easy application of analytical tool. Two sources are used to collecting data. These are: Primary Source Secondary Source Primary Source: Face to face conversation with the bank officers and staffs Study of different files of different section of the bank. Un-o fficial discussion with bank official. Secondary Sources: Annual report of NC Bank limited (2009-2013). Website. Literature summery. 1. 6 Limitations of the Study 1. Data Insufficiency 3. Lack of Updated Information.

Do Private Schools Need to be Accredited

Not all schools are created equal, and in fact, not all schools are recognized as accredited institutions. What does that mean? Just because a school claims membership in a state, regional or national association doesnt mean that it is actually accredited as a high school worthy of producing graduates who can earn a true high school diploma. What does this mean and how do you know? What is Accreditation? Accreditation for schools is a status granted by organizations which have been authorized by state and/or national authorities to do so. Accreditation is a highly prized designation which has to be earned by the private schools and maintained over the years. Why is it important? By making sure that the private school you are applying to is accredited, you are guaranteeing yourself that a school has met certain minimum standards during a thorough review by a body of its peers. This also means that the school provides transcripts that are acceptable for college admission processes. Gaining Maintaining the Approval: The Self Study Evaluation School Visit Approval is not granted just because a school applies for accreditation and pays a fee. There is a rigorous and comprehensive  process by which hundreds of private schools have proven that they are worthy of accreditation. Schools must engage, first, in a self-study procedure, which often takes approximately one year. The entire school community is often engaged in assessing different standards, including but not limited to, admission, development, communications, academics, athletics, student life, and, if a boarding school, residential life. The goal is to assess the schools strengths and areas in which it needs to improve. This massive study, which is often hundreds of pages long, with myriad documents attached for reference, is then passed along to a review committee. The committee is made up of individuals from peer schools, ranging from Heads of School, CFO/Business Managers, and Directors to Department Chairs, Teachers and Coaches. The committee will review the self-study, evaluate against a set of pre-determined metrics that a private school should align to, and begin to formulate questions. The committee will then schedule a multi-day visit to the school, during which they will conduct numerous meetings, observe school life, and communicate with individuals regarding the process. At the end of the visit, before the team departs, the chair of the committee will typically address the faculty and administration with their immediate findings. The committee will also form a report that more clearly illustrates its finding, including recommendations that the school must address prior to their check-in visit, usually within a few years of the initial visit, as well as longer-term goals that must be addressed before re-accreditation in 7-10 years. Schools Must Maintain Accreditation Schools are required to take this process seriously and must be realistic in their assessment of themselves. If a self-study is submitted for review and is purely glowing and has no room for improvement, the reviewing committee will likely dig deeper to learn more and uncover areas for improvement. Accreditation is not permanent. A school has to demonstrate during the regular review process that it has developed and grown, not just maintained the status quo. A private schools accreditation can be revoked if they are found to not be providing the adequate educational and/or residential experience for its students, or if they fail to meet the recommendations provided by the review committee during the visit.   While each regional accrediting associations may have slightly different standards, families can feel comfortable knowing that their school has been properly reviewed if they are accredited. The oldest of  the six regional accrediting associations,  New England Association of Schools and Colleges, or  NEASC,  was founded in 1885. It now claims approximately 2,000 schools and colleges in New England as accredited members. In addition, it has approximately 100 schools located overseas, which have met its strict criteria. The  Middle States Association of Colleges and Schools  lists similar standards for its member institutions. These are serious, exhaustive evaluations of schools, their programs and their facilities. The Obligations of Affiliation, for instance, of the North Central Association of Schools and Colleges specifically states that a member school must undergo review not later than five years after original accreditation was granted, and not later than ten years after each satisfactory review. As Selby Holmberg said in Education Week, As an observer and evaluator of a number of independent school accrediting programs, I have learned that they are interested above all in standards of educational excellence. Edited by  Stacy Jagodowski